Lightspeed Commerce Inc. (NYSE:LSPD) Given Consensus Recommendation of “Hold” by Analysts

Lightspeed Commerce Inc. (NYSE:LSPD) has earned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.7188.

A number of analysts recently weighed in on LSPD shares. National Bankshares reduced their target price on shares of Lightspeed Commerce from $15.00 to $13.00 and set a “sector perform” rating for the company in a report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightspeed Commerce in a research report on Wednesday, October 8th. TD Securities initiated coverage on Lightspeed Commerce in a report on Friday, October 3rd. They issued a “hold” rating and a $13.00 target price on the stock. Zacks Research raised Lightspeed Commerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Finally, BTIG Research reiterated a “buy” rating and issued a $16.00 price target on shares of Lightspeed Commerce in a research report on Wednesday, November 19th.

Lightspeed Commerce Price Performance

Shares of Lightspeed Commerce stock opened at $12.20 on Friday. The company has a current ratio of 4.66, a quick ratio of 4.58 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $11.90 and its two-hundred day moving average price is $12.02. Lightspeed Commerce has a 52 week low of $7.34 and a 52 week high of $15.22. The stock has a market cap of $1.66 billion, a PE ratio of -2.68, a price-to-earnings-growth ratio of 19.70 and a beta of 2.08.

Lightspeed Commerce (NYSE:LSPD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Lightspeed Commerce had a negative net margin of 59.16% and a positive return on equity of 0.39%. The company had revenue of $318.96 million during the quarter, compared to analyst estimates of $308.90 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Lightspeed Commerce will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LSPD. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Lightspeed Commerce by 28.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,752,669 shares of the company’s stock valued at $31,778,000 after acquiring an additional 613,369 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Lightspeed Commerce by 29.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,468,872 shares of the company’s stock valued at $28,948,000 after purchasing an additional 556,724 shares during the period. Goldman Sachs Group Inc. raised its stake in Lightspeed Commerce by 151.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,148,959 shares of the company’s stock valued at $18,803,000 after purchasing an additional 1,295,469 shares during the period. Bank of America Corp DE lifted its holdings in shares of Lightspeed Commerce by 5.2% in the third quarter. Bank of America Corp DE now owns 1,971,125 shares of the company’s stock valued at $22,766,000 after purchasing an additional 97,183 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Lightspeed Commerce by 0.5% in the third quarter. Ameriprise Financial Inc. now owns 1,948,620 shares of the company’s stock worth $22,507,000 after buying an additional 9,503 shares during the period. 68.68% of the stock is owned by hedge funds and other institutional investors.

About Lightspeed Commerce

Lightspeed Commerce Inc is a Canadian technology company that develops cloud-based point-of-sale (POS) and e-commerce software for small and medium-sized businesses across the retail and hospitality sectors. Its integrated platform enables merchants to manage sales, inventory, customer relationships and analytics through a single interface. By combining in-store and online channels, Lightspeed helps businesses streamline operations and improve customer engagement in an increasingly omnichannel marketplace.

The company’s product suite includes POS terminals, payment processing services, inventory management tools, customer loyalty programs and data reporting dashboards.